I use this blog to gather information and thoughts about invention and innovation, the subjects I've been teaching at Stanford University Continuing Studies Program since 2005.
The current course is Principles of Invention and Innovation (Summer '17).
Our book "Scalable Innovation" is now available on Amazon http://www.amazon.com/Scalable-Innovation-Inventors-Entrepreneurs-Professionals/dp/1466590971/

Monday, October 20, 2008

(e.g. good)
* Exchange-traded funds
* The growth of venture capital and angel investing
* The democratization of access to financial information (e.g. Yahoo! finance)
* The democratization of participation in financial markets (e.g. the growth of internet and discount brokerages that offer easy access to a wide variety of stocks, bonds, and exchange-traded derivatives, both domestic and international).

(and bad)
[*] CDOs, and etc.
* 401-K plans with limited investment menus
*
* The conventional wisdom that long-term savings ought by default be placed in passive stock funds
* The conflation of ordinary saving and financial return seeking
* The tolerance, advocacy, and subsidy of financial leverage throughout the economy
* The move towards large-scale, delegated, and professionalized of money management
* The growth of investment vehicles accessible primarily or solely to professional and institutional investors

Thursday, October 16, 2008

So far, web-based e-mail has emerged as a dominant application. 77% among 18-29 year-olds use it on a regular basis. Personal photos is a close second.

I am surprised, though, that gaming is not on the radar. It's not clear whether this is a gap in the study, or a sign of low demand. In general, my impression is that "cloud computing" is not about computing. Rather, the cloud plays the role of a convenient remote storage for "communicatable" information ( e-mail, photos, common files).
In addition to that, a clear trade trade-off between convenience and privacy shows up in the data.
vs

On the other hand, people do use online banking extensively, which means that privacy concerns are probably based on an unclear business model ( why there's free lunch in the cloud?), rather than a technology issue.

Monday, October 13, 2008

I find this optical illusion - young girl or old hag - a good metaphor for inventive thinking. As an inventor you've got to be able to see both, old and new, in the technology you are trying to improve, disrupt, or displace. You need to understand how a recipe for success in the old world picture became a recipe for disaster in the new world. What are the useful features that you need to preserve in your future solution? What are the harmful factors that have to be overcome? If you don't the both sides of the innovation equation, the path to creative destruction can rather quickly become a road to self-destruction.